No longer on the market
This property is no longer on the market
Floorplan
Map12 bedroom property with land
Sold STC
Plot
12 beds
12 baths
Key information
Features and description
- 12 One bedroom apartments all let on assured shorthold tenancies
- Currently producing an income of circa £79,500 with an ERV closer to £94,000
- All apartments have a sitting room kitchen, bedroom and bathroom
- Double-glazed windows
- Gas central heating
- Large car park with planning consent for 3 three storey three bedroom link detached houses
- Detailed planning consent under reference IP/22/01048
- South West Ipswich adjacent to a local park
- Good access to the A12/A14 trunk roads
An opportunity to purchase 12 x 1 bedroom apartments all let on ASTS producing an income of circa £79,500 plus three building plots with full planning consent
An opportunity to purchase 12 one-bedroom apartments, which are spread across two blocks, all are currently let on assured shorthold tenancies producing a current income of circa £79,500 per annum.
The parking area currently has full detailed planning consent for 3 three storey three bedroom link detached houses, two of which have garages.
Set adjacent to Stone Lodge Park the apartments comprise of two blocks of 6 one bedroom apartments spread over two floors.
All apartments have a sitting room, separate kitchen, a bedroom and a bathroom. They are all double glazed and based on the information provided by the Energy Performance Certificates all have gas central heating.
At present the apartments produce a combined income of circa £79,500 per annum, however based on current rental values if the rents were reviewed we would estimate this could be increased to around £94,000 per annum.
To the rear of the block there is a substantial parking area which currently has full planning consent for 3 three storey three bedroom link-detached properties. This can be found under planning reference IP/22/01048.
Unit one has a gross square footage of circa 1,150 sq.ft. with units two and three having circa 1,300 sq.ft. each. Units two and three also have a garage, car parking would still remain for the existing apartments.
Directions
Using IP2 9QA on Satellite Navigation system and upon entering Lakeside Road via Dunlin Road the two blocks can be found on the right hand side, adjacent to Stonelodge Park.
Important Information
Council Tax Band for all apartments - A
Services - Mains water, drainage, gas and electricity are connected.
Tenure - Freehold
EPC rating for 11 apartments - C; 1 apartment D
Agents note
The images and floorplan shown are for 46 Lakeside Road, at present we have been unable to fully inspect all the remaining 11 apartments.
An opportunity to purchase 12 one-bedroom apartments, which are spread across two blocks, all are currently let on assured shorthold tenancies producing a current income of circa £79,500 per annum.
The parking area currently has full detailed planning consent for 3 three storey three bedroom link detached houses, two of which have garages.
Set adjacent to Stone Lodge Park the apartments comprise of two blocks of 6 one bedroom apartments spread over two floors.
All apartments have a sitting room, separate kitchen, a bedroom and a bathroom. They are all double glazed and based on the information provided by the Energy Performance Certificates all have gas central heating.
At present the apartments produce a combined income of circa £79,500 per annum, however based on current rental values if the rents were reviewed we would estimate this could be increased to around £94,000 per annum.
To the rear of the block there is a substantial parking area which currently has full planning consent for 3 three storey three bedroom link-detached properties. This can be found under planning reference IP/22/01048.
Unit one has a gross square footage of circa 1,150 sq.ft. with units two and three having circa 1,300 sq.ft. each. Units two and three also have a garage, car parking would still remain for the existing apartments.
Directions
Using IP2 9QA on Satellite Navigation system and upon entering Lakeside Road via Dunlin Road the two blocks can be found on the right hand side, adjacent to Stonelodge Park.
Important Information
Council Tax Band for all apartments - A
Services - Mains water, drainage, gas and electricity are connected.
Tenure - Freehold
EPC rating for 11 apartments - C; 1 apartment D
Agents note
The images and floorplan shown are for 46 Lakeside Road, at present we have been unable to fully inspect all the remaining 11 apartments.
Property information from this agent
About this agent
Estate Agents, Letting Agents and Commercial Agency This branch – one of eleven in Essex and Suffolk – is headed up by Chris Jessup, Partner at Fenn Wright. Home to our experienced team of estate agents, letting agents and commercial property experts, we are on hand to help with your next move. Chris’ team of estate agents in Ipswich are experts at selling homes in both Ipswich and nearby surrounding villages. Meanwhile, our lettings team look after hundreds of properties for local and national landlords. A specialist team at this branch handles the sale of new homes on local developments. Our Signature team is dedicated to finding buyers for the most desirable properties for sale in the town centre, around Christchurch Park and all villages across Suffolk.